DGAP-News: Hannover Re: Annual General Meeting adopts all proposed resolutions
(firmenpresse) - DGAP-News: Hannover Rückversicherung AG / Key word(s): AGM/EGM
Hannover Re: Annual General Meeting adopts all proposed resolutions
03.05.2011 / 14:12
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Hannover Re: Annual General Meeting adopts all proposed resolutions
Hannover, 3 May 2011: The Ordinary General Meeting of Hannover Re today
approved all proposed resolutions by a large majority.
In his address to the meeting Chief Executive Officer Ulrich Wallin took
the opportunity to look back once again on the record year of 2010, in
which the company posted net income after tax of EUR 748.9 million - in
part thanks to positive non-recurring effects - and thus surpassed the
level of the previous year (EUR 733.7 million).
The Ordinary General Meeting approved the proposal of the Executive Board
and Supervisory Board regarding the appropriation of the disposable profit
of the parent company Hannover Re in an amount of EUR 277 million:
shareholders will receive a gross dividend of EUR 2.30 on each share fully
paid up for the entire financial year - an increase of EUR 0.20 relative to
the previous year. The remaining disposable profit of EUR 24.6 million is
to be carried forward to new account.
In addition, the Ordinary General Meeting approved the new remuneration
system for the members of Hannover Re's Supervisory Board. Geared to the
sustainable development of the company, it is in conformity with current
legal requirements.
The Ordinary General Meeting also elected Andrea Pollak as successor of
Karl Heinz Midunsky as a new member of the Supervisory Board of the
company.
The next Ordinary General Meeting is scheduled for 3 May 2012.
For further information please contact:
Corporate Communications:
Karl Steinle (tel. +49 511 5604-1500,
e-mail: karl.steinle(at)hannover-re.com)
Media Relations:
Gabriele Handrick (tel. +49 511 5604-1502,
e-mail: gabriele.handrick(at)hannover-re.com)
Investor Relations:
Klaus Paesler (tel. +49 511 5604-1736,
e-mail: klaus.paesler(at)hannover-re.com)
Please visit: www.hannover-re.com
Hannover Re, with a gross premium of around EUR 11 billion, is the
third-largest reinsurer in the world. It transacts all lines of non-life
and life and health reinsurance. It maintains business relations with more
than 5,000 insurance companies in about 150 countries. Its worldwide
network consists of more than 100 subsidiaries, branch and representative
offices on all five continents with a total staff of roughly 2,200. The
rating agencies most relevant to the insurance industry have awarded
Hannover Re very strong insurer financial strength ratings (Standard&Poor's AA- 'Very Strong' and A.M. Best A 'Excellent').
Disclaimer:
Some of the statements in this press release may be forward-looking
statements or statements of future expectations based on currently
available information. Such statements are naturally subject to risks and
uncertainties. Factors such as the development of general economic
conditions, future market conditions, unusual catastrophic loss events,
changes in the capital markets and other circumstances may cause the actual
events or results to be materially different from those anticipated by such
statements. Hannover Re does not make any representation or warranty,
express or implied, as to the accuracy, completeness or updated status of
such statements. Therefore, in no casewhatsoever will Hannover Re and its
affiliate companies be liable to anyone for any decision made or action
taken in conjunction with the information and/or statements in this press
release or for any related damages.
End of Corporate News
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Language: English
Company: Hannover Rückversicherung AG
Karl-Wiechert-Allee 50
30625 Hannover
Deutschland
Phone: +49-(0)511-5604-1500
Fax: +49-(0)511-5604-1648
E-mail: info(at)hannover-re.com
Internet: www.hannover-re.com
ISIN: DE0008402215
WKN: 840 221
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
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122653 03.05.2011
Datum: 03.05.2011 - 14:12 Uhr
Sprache: Deutsch
News-ID 33950
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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